Los Angeles Business Journal

Aurora Capital Completes NTS Acquisition

By Business Journal Staff Monday, November 25, 2013

Aurora Capital Group has completed its acquisition of Calabasas product engineering and testing company National Technical Systems Inc.

NTS becomes a subsidiary of Aurora, a Westwood private equity firm with $2 billion in assets. The deal was valued at $267 million.

The acquisition, which closed late Friday, marks a new chapter for the company, said Chief Executive William McGinnis, who with his executive team plans to stay on under the new ownership.

“We see Aurora as a new partner with proven expertise in many of the markets we serve and with the shared goals of delivering world-class technology, innovation and service to our customers,” McGinnis said in a statement.

National Technical provides testing and engineering services for the aerospace, defense and transportation industries at facilities throughout the United States, including a 150-acre site in Santa Clarita.